A 20,000-member Hong Kong police union has demanded a law to exempt officers from criminal liability for actions taken during enforcement duties, saying members of the city’s judiciary do not have enough professional knowledge to judge their use of force. ( read original story ...)
Alibaba will ‘seriously consider’ Hong Kong listing, says founder Ma
SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. ( read original story ...)
Tougher times ahead for Hong Kong homeowners as interest rate increases loom, finance chief says
Hong Kong homeowners may have a tough time keeping up with mortgage repayments this year as local banks are set to increase their prime rates to follow interest rate moves in the US, the city’s financial secretary said on Monday. Paul Chan Mo-po offered ... ( read original story ...)
Asian markets largely gain, though regulatory moves weigh in China, Hong Kong
OCBC Bank said the latest proposals send a clear message that fundamentals and transparency will be the course for China’s commercial banks to contain financial risks. The sector’s stocks rose strongly in both China SHCOMP, +0.32% and Hong Kong HSI ... ( read original story ...)
LeEco repays HK$807 million of China Merchant Bank debt
Shanghai: LeEco has repaid HK$807 million ($103.20 million) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its frozen assets, the wife of the embattled conglomerate’s founder said. ( read original story ...)
The $64 question facing startup founders and would-be founders
As StartmeupHK (http://www.startmeup.hk/), Hong Kong’s annual flagship startup event, gets set for its 2018 lineup of programs and events later this month, we examine a core question that underlies the very startup process: deciding to pursue the startup ... ( read original story ...)
Asian markets build on blistering start to year
Asian markets mostly rose on Tuesday with Hong Kong edging up for an eleventh straight trading day as investors press on with a global rally that has the region enjoy its best start to a year since 2006. Wall Street provided yet another record lead as eyes ... ( read original story ...)
Hong Kong IPO said to be 1,500 times oversubscribed in frenzy
C-Mer will complete order-taking on Monday (Jan 8) and start trading on Jan 15. A Hong Kong-based external spokesman for the company declined to comment on the IPO. Yixin Group, an online car loan provider backed by Tencent, has been trading below its IPO ... ( read original story ...)
Jack Ma to consider listing Alibaba on Hong Kong stock exchange
“Now I hope Alibaba can come back to list in Hong Kong,” Lam said. She said the stock exchange had decided to start allowing the dual-class share system in midyear, and described allowing the system as a form of economic innovation. I have never been ... ( read original story ...)
Most Asia stocks start week on a high, Hong Kong up for tenth day
Most Asian markets rose on Monday following yet more records on Wall Street, with Hong Kong chalking up its tenth day of gains. Traders in New York pushed all three main indexes ever higher on Friday, unperturbed by a well-below-forecast jobs reading. ( read original story ...)
Startup Societies UN’s Newest Scheme For Re-Engineering Society’s Future
and their sprawling suburbs and farms are a problem in the transition to startup societies.” SSF proposes the use of CO2-binding concrete, artificial photosynthesis, and vertical integration such as the laudable architectural high rises in Hong Kong ... ( read original story ...)
Hong Kong IPO ‘over 1,500 times oversubscribed’ in retail frenzy
HONG KONG • Investors are still flocking to initial public offerings ... It completed its order-taking yesterday and will start trading on Jan 15. Yixin Group, an online car-loan provider backed by Tencent, has been trading below its IPO price since ... ( read original story ...)
Advice from government bodies to Hong Kong’s universities could amount to meddling, lawmaker says
Any direct advice given by local or mainland government bodies to Hong Kong’s universities could amount to meddling with their institutional autonomy and academic affairs, a legislator has warned. The concerns were raised by education sector lawmaker Ip ... ( read original story ...)
HONG KONG PRESS: News Headlines On Tuesday, January 9
HONG KONG (Jan 09) -- Heres a roundup of local news: *Goldman, Citi Are in the Lead for Top Roles in Aramco IPO Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering ... ( read original story ...)